In a seed funding round headed by Prime Venture Partners and involving Blume Ventures, Whiteboard Capital, and a number of angel investors, secured credit startup Nivasa Finance raised $3 million (roughly Rs 25 crore).
With the new funding, the business intends to broaden its geographic reach, improve its distribution system, and strengthen its relationships with lenders. Additionally, it is investigating the possibility of obtaining an NBFC license.
Nivasa Finance, which was founded in 2025 by Samit Shetty and Hitesh Saraf, is developing a platform for the distribution and fulfillment of loans for affordable housing and loans against property (LAP) in non-metropolitan areas.
The Bengaluru-based startup uses a hybrid approach that combines technology-led workflows with on-the-ground field operations to assist underserved borrowers, such as independent contractors, gig workers, and small business owners, in obtaining secured credit. Throughout the loan lifecycle, it assists clients with assessment, paperwork, lender matching, and disbursement.
Currently, Nivasa collaborates with more than ten lending partners, including banks, NBFCs, small finance banks, and housing finance companies. Since launch, the startup claims to have facilitated hundreds of loans worth more than Rs 20 crore across Mysore and Mandya in Karnataka.
